Quote:
Originally Posted by Unregistered
An MBA is only necessary if you want to continue as a salaryman. The best MBA you can do is in the world of business -- go start a business and challenge yourself to make $1m in 3 years.
Otherwise, spend money and get a paper degree and continue as a worker working for someone.
Did I say MBA is overrated? Only the top ones like Insead expose you to good opportunities, and even so many graduates can't get into their dream jobs (trading, iB, mgmt consulting). After spending more than 100k, they still have to lucky to move up. It would be easier to try to be lucky doing something else -- and I highly recommend starting businesses.
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I agree that luck plays a big part rather than the MBA itself. I graduated from a local program a few years ago and have the luck to move to a role within my company that pays me 40% more.
My classmates do not have the opportunities. Especially for those looking at IB, mgmt consulting and other high paying jobs, it is almost impossible with a local MBA.
So luck is a big part than the paper qualification itself.